Tag Archives | Joint Oil Company

Sonde Resources Announces Approval of Farm-Out

Sonde Resources has received approval from Joint Oil's Board of Directors to farm-out 66.67% of its potential Zarat Field Exploitation Area and 50% of the remainder of its interest in the Joint Oil Block to Viking. Joint Oil is equally owned by Libya and Tunisia. In order to receive Joint Oil approval, certain terms of […]

Progress on Libya-Tunisia Oil Deal

Libyan Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi] (pictured), and Tunisian Minister of Industry, Mehdi Juma, have approved plans to supply Tunisia with Libyan crude oil and oil products, reports Libya Herald. A deal to supply Tunisia with cheap Libyan oil was agreed last May. They also agreed to set up a […]